Finance Minister Sri Mulyani Appoints JP Morgan SUN Agent

By : Herry Barus And Aldo Bella Putra | Tuesday, May 01 2018 - 14:00 IWST

Menkeu Sri Mulyani Indrawati (Foto Voa)
Menkeu Sri Mulyani Indrawati (Foto Voa)

INDUSTRY.co.id - Jakarta - Finance Minister Sri Mulyani Indrawati again appointed JP Morgan Chase Bank NA as the main dealer of Sovereign Debt Instruments in accordance with Letter of Appointment Number S-45 / MK.8 / 2018 dated April 17, 2018.

Press release from the Directorate General of Financing and Risk Management of the Ministry of Finance received in Jakarta on Monday (30/4/2018) stated that the appointment of JP Morgan Chase Bank NA as the main dealer is effective since May 2, 2018.

With the re-entry of JP Morgan Chase Bank NA, the number of major SUN sellers currently becomes 20 institutions consisting of 16 banks and four securities firms.

Earlier, in early January 2017, the Finance Minister cut its partnership relationship with JP Morgan Chase Bank NA as it cut its debt rating down two ratings from overweight to underweight.

The Minister of Finance assessed that JPMorgan Chase Bank NA's research report, at that time, was not conducted through appropriate indicators and potentially disrupts the stability of the national financial system.

The following is a list of 16 banks that became SUN sellers after JP Morgan Chase Bank NA re-entered, namely Citibank NA, Deutsche Bank AG, HSBC, PT Bank ANZ Indonesia and PT Bank Central Asia, Tbk.

PT Bank Danamon Indonesia Tbk, PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk and PT Bank OCBC NISP, Tbk.

In addition, PT Bank Panin, Tbk, PT Bank Rakyat Indonesia, Tbk, PT Bank Permata, Tbk, PT Bank CIMB Niaga, Tbk, Standard Chartered Bank and JP Morgan Chase Bank NA.

News Comment

Today's Industry

Vice President Ma’ruf Amin pays a courtesy call on Prime Minister of Japan Fumio Kishida at Akasaka palace in Tokyo, Japan. (09/26) (BPMI of Vice President’s Secretariat).

Selasa, 27 September 2022 - 20:28 WIB

Japan Supports Indonesia’s G20 Presidency: PM Fumio Kishida

Prime Minister of Japan Fumio Kishida Monday (09/26) expressed his support for Indonesia’s G20 Presidency and a success of the G20 Summit in Bali in upcoming November this year.

Baubau residents greet President Jokowi, Monday (09/26). (Photo by: BPMI of Presidential Secretariat/Kris)

Selasa, 27 September 2022 - 16:23 WIB

President Jokowi Kicks Off Sulawesi Working Visit

President Joko “Jokowi” Widodo on Monday (09/26) headed to Southeast Sulawesi province for a working visit.

Podkabs Episode 7 with Minister of Trade Zulkifli Hasan (Photo by: Oji/PR)

Selasa, 27 September 2022 - 14:20 WIB

Trade Minister: Staple Food Prices are Now Stable

Minister of Trade Zulkifli Hasan has said that staple food supply is sufficient with stable price.

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Selasa, 27 September 2022 - 07:03 WIB

On the Sustainable Revenue Growth Path, Macquarie Securities Assesses GOTO Outperform

PT GoTo Gojek Tokopedia Tbk (GOTO) received an Outperform rating from Macquarie, an Australian-based securities company. The largest digital ecosystem company in Indonesia is considered to be…

TokoScore owns features of income prediction and fraud flags. (Photo: indotelko.com)

Kamis, 22 September 2022 - 12:29 WIB

Encouraging Financial Inclusion, Tokoscore Services Enable to Raise GOTO Revenue

The expansion of PT GOTO Gojek Tokopedia Tbk (GOTO) into the creditworthiness analysis business as known as credit scoring, through Tokoscore, has received a positive response from market players.…